{"id":34878,"date":"2005-11-07T22:46:47","date_gmt":"2005-11-07T14:46:47","guid":{"rendered":"http:\/\/www.chinahospitalitynews.com\/2005\/11\/07\/caac-coordinates-with-central-bank-on-e-ticket-sales\/"},"modified":"2005-11-07T22:46:47","modified_gmt":"2005-11-07T14:46:47","slug":"caac-coordinates-with-central-bank-on-e-ticket-sales","status":"publish","type":"post","link":"https:\/\/www.chinahospitalitynews.com\/cn\/2005\/11\/07\/34878\/","title":{"rendered":"CAAC Coordinates With Central Bank On E-ticket Sales"},"content":{"rendered":"<p><img decoding=\"async\" height=\"60\" src=\"http:\/\/www.chinahospitalitynews.com\/images\/caac_logo_120x60.gif\" width=\"120\" align=\"right\">The General Administration of Civil Aviation of China (CAAC) says it is working with the People's Bank of China to help find a solution around recently initiated online payment rules in China.<\/p>\n<p><!--more--><\/p>\n<p>Last week the People's Bank of China issued a new circular with a requirement that the value of a single online purchase should not be more than RMB1000 and that of daily accumulated purchases should not exceed RMB5000, except when the purchase is conducted with an e-signature.<\/p>\n<p>The People's Bank of China says this rule has been drafted to regulate e-payment activities to promote the healthy development of e-payment and e-commerce in China.<\/p>\n<p>However online Chinese travel companies like ChinaTravelNow.com and Ctrip.com will suffer under this new policy because their airline and hotel online bookings can easily exceede RMB1000 per transaction.<\/p>\n<p>There is no definite timeline on when a solution will be found through this new cooperation, but both sides are working to implement changes before the Spring Festival holidays in early 2006.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The General Administration of Civil Aviation of China (CAAC) says it is working with the People's Bank of China to help find a solution around recently initiated online payment rules in China.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12723],"tags":[],"class_list":["post-34878","post","type-post","status-publish","format-standard","hentry","category-english"],"_links":{"self":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts\/34878","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/comments?post=34878"}],"version-history":[{"count":0,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts\/34878\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/media?parent=34878"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/categories?post=34878"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/tags?post=34878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}